Hi All,
Hopefully, someone is reading this and will have an idea what's going on as I'm pretty frustrated at this point:
I own an HP 50g and have been trying to use the Finance function. Specifically, I want to solve for PV given N, i, FV.
I get into the Finance screen and enter the following values:
N=9
I%YR=8
PMT=0
P/YR=12
FV=60000.00
I then highlight PV and select Solve.
The calculator determines PV=-56517.12 which is incorrect (should be 30000.00 - Think Law of 72).
Any ideas what I am missing here?
Thanks for your help!
Bob
Hopefully, someone is reading this and will have an idea what's going on as I'm pretty frustrated at this point:
I own an HP 50g and have been trying to use the Finance function. Specifically, I want to solve for PV given N, i, FV.
I get into the Finance screen and enter the following values:
N=9
I%YR=8
PMT=0
P/YR=12
FV=60000.00
I then highlight PV and select Solve.
The calculator determines PV=-56517.12 which is incorrect (should be 30000.00 - Think Law of 72).
Any ideas what I am missing here?
Thanks for your help!
Bob